Financing with a Bank or Dealership: Where to Get a Car Loan

Where is the best place to get auto financing? Many Gardendale drivers wonder where to get a car loan when shopping for a new vehicle, hoping to get the best deal available. When car loan shopping in Hoover , you basically have two options, either the dealership where you’re buying your new vehicle or your bank or credit union. The finance experts at Edwards Chevrolet Co., Inc. walk you through the best place to get auto financing and explain the difference between financing with a bank and through a dealership.

Car Loan Shopping: From a Dealership

Bessemer drivers opting to get a car loan from a dealership are provided with a number of benefits. Advantages of obtaining a car loan from a dealership include:

• The finance team at a dealership can walk you through the benefits of leasing vs. buying and decide which is right for you
• Dealerships work with multiple lenders to find the best rates possible
• To apply for financing, you only need to fill out one form to receive multiple rate options
• When several lenders are vying for your business, you can find a better rate
• Have no credit or even bad credit? Dealerships can offer better options
• There’s usually less hassle when trading in an old vehicle at the same place where you secure your loan. This also applies to trading in a financed car.
• The dealership usually offers financing specials and incentives. 
• You can negotiate your down payment when financing with the dealership

Car Loan Shopping: From a Bank

Many Birmingham drivers usually think the best place to get auto financing is through their bank. But, for those with less than perfect credit, getting a car loan from a bank can often be more difficult than through a dealership. However, there are some benefits to getting auto financing through a bank:

• You have a pre-existing relationship with your bank
• There are often set interest rates
• You may be able to set a flexible payment schedule

Explore your Financing Options at Edwards Chevrolet Co., Inc.

Now that you know where to get a car loan, contact us at Edwards Chevrolet Co., Inc. with any car loan shopping questions, and our expert finance team will walk you through your choices, including good mileage on a used car. Work with us to secure a great deal today!